Stock analysis is used by traders to make buy and sell call. It’s an approach to make informed decisions while investing in stocks. Stock analysis can be categorised into – fundamental analysis and technical analysis. Fundamental analysis is evaluation of data from sources, including financial records, economic reports, company assets, and market share. Analysts typically study the company’s financial statements – balance sheet, income statement, cash flow statement, and footnotes. These statements are made available to the investors in the form of quarterly earnings, disclosures to stock exchanges in compliance with the Securities and Exchange Board of India (Sebi) norms. In fundamental analysis, the analysts particularly check for a company's core income, income from other sources, profitability, guidance, assets and liabilities and debt ratio among other parameters. The other method, i.e. the technical analysis focuses purely on statistical data. It works on two assumptions; one, the stock price reflects the fundamentals. Second, the study of past and present movement in prices can help determine the future price trends. Technical analysis primarily deals with price, volume, demand and supply factors. This method is effective only when supply and demand forces influence the market. However, when outside factors are involved in a price movement, technical analysis may not be successful. More
Most experts have a target of 32,000 – 33,000 on the S&P BSE Sensex which translates into an upside of about 5 percent. Investors will be better off staying with stocks which can outperform markets by a wide margin.
Yogesh Mehta of Motilal Oswal recommends buying RBL Bank, Dewan Housing Finance and Indo Count Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell ONGC and Lupin and advises buying Dewan Housing Finance and holding Adani Power.
According to Ashwani Gujral of ashwanigujral.com, one may get into Indiabulls Housing, Dewan Housing Finance Corporation, Can Fin Home and PNB Housing.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian ofsptulsian.com shared his views and outlook on the fundamentals of the market and specific stocks.
Ashwani Gujral of ashwanigujral.com suggests buying IndusInd Bank, Bajaj Finance and Britannia Industries.
Prakash Gaba of prakashgaba.com is of the view that crucial support for the Nifty is at 9580-9520 and the resistance is at 9700- 9724. "Aarti Drugs, AIA Engineering, Dewan Housing Finance and Capital First are bullish plays for the day," he adds.
Ashwani Gujral of ashwanigujral.com advises buying Repco Home Finance, Can Fin Homes and DHFL.
Yogesh Mehta of Motilal Oswal is of the view that one may buy Dr Reddy’s Laboratories and Dewan Housing Finance.
Ashwani Gujral of ashwanigujral.com advises buying Dewan Housing Finance and Karnataka Bank.
Chandan Taparia of Motilal Oswal Securities suggests buying Dewan Housing Finance, Federal Bank and TVS Motor.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Hindustan Unilever and BEML and sell Ujjivan Financial Services.
Yogesh Mehta of Motilal Oswal advises buying Mahindra and Mahindra, Hindustan Unilever and Dewan Housing Finance.
Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal Securities suggests buying Havells India, Infosys and Dewan Housing Finance.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell JSW Steel and can buy Dewan Housing Finance, Mindtree and Uflex.
Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 9640-9580 and resistance at 9713 while Bank Nifty has support at 23300 and resistance at 23600.
Sandeep Wagle of powermywealth.com is of the view that one can buy Raymond and Dewan Housing Finance.
Ashwani Gujral of ashwanigujral.com suggests buying Dewan Housing Finance, Indiabulls Housing Finance and India Cements.
Rahul Shah, Associate VP of Motilal Oswal is of the view that one may short Biocon and buy Dewan Housing Finance and JSW Steel.
According to Ashwani Gujral of ashwanigujral.com, one can buy Reliance Industries, HDFC Bank and Dewan Housing Finance.
Nifty has support at 9550 and resistance at 9634-9660 while Bank Nifty has support at 23250 and resistance at 23600, says Prakash Gaba of prakashgaba.com.
According to Hemant Thukral of Aditya Birla Money, one can pick Jindal Steel & Power and Dewan Housing Finance.
According to Ashwani Gujral of ashwanigujral.com, one can buy Dewan Housing Finance and CG Power.
Gaurav Bissa, Derivatives Analyst at LKP Securities is of the view that one can buy Dish TV and Sintex Industries and can sell DHFL.